Morton Community Bank Sells 600 Shares of Exelon Co. (NASDAQ:EXC)

Morton Community Bank decreased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,152 shares of the company’s stock after selling 600 shares during the period. Morton Community Bank’s holdings in Exelon were worth $2,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after acquiring an additional 3,068,309 shares in the last quarter. Amundi boosted its position in Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after purchasing an additional 2,160,201 shares during the last quarter. State Street Corp boosted its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares during the period. Finally, FMR LLC increased its position in shares of Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reduced their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $43.11 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $45.19. The company has a market capitalization of $43.33 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.51. The firm’s 50 day simple moving average is $40.74 and its two-hundred day simple moving average is $39.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the company earned $0.60 EPS. Research analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.